New Zealand Consumer Confidence

In New Zealand, consumer confidence declined to 97.9 in the first quarter of 2012 from 101.3 in the fourth quarter of 2011. Historically, from 1988 until 2012, New Zealand Consumer Confidence averaged 111.1600 reaching an all time high of 130.9000 in June of 1994 and a record low of 79.1000 in March of 1991. In New Zealand, the Westpac McDermott Miller Consumer Confidence Index measures the level of optimism that consumers have about the performance of the economy. Generally consumer confidence is high when the unemployment rate is low and GDP growth is high. Measures of average consumer confidence can be useful indicators of how much consumers are likely to spend. This page includes a chart with historical data for New Zealand Consumer Confidence.

Date Selection	Members Only. Please Register or Login
to

Consumer Confidence
Consumer confidence is the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. How confident people feel about stability of their incomes determines their spending activity and therefore serves as one of the key indicators for the overall shape of the economy. In essence, if consumer confidence is higher, consumers are making more purchases, boosting the economic expansion. On the other hand, if confidence is lower, consumers tend to save more than they spend, prompting the contraction of the economy. A month-to-month diminishing trend in consumer confidence suggests that in the current state of the economy most consumers have a negative outlook on their ability to find and retain good jobs.

NEW ZEALAND NEWS

New Zealand Trade Surplus Widens in April
Published: 5/24/2012 3:25:32 PM By: TradingEconomics.com, Statistics New Zealand
New Zealand trade balance for April 2012 was a surplus of $355 million (9.1 percent of exports). For the year ended April 2012, there was an annual trade deficit of $541 million (1.2 percent of exports).

New Zealand Uneployment Up to 6.7 in Q1
Published: 5/3/2012 6:15:24 PM By: TradingEconomics.com, Statistics New Zealand
The unemployment rate rose to 6.7 percent in the March 2012 quarter, Statistics New Zealand said on May 3rd. This is up from a revised figure of 6.4 percent last quarter. The labour force grew by 18,000, with 9,000 more people employed as well as 9,000 more people unemployed in the March 2012 quarter.

New Zealand Reports Trade Surplus in February
Published: 3/28/2012 6:06:04 PM By: TradingEconomics.com, Statistics New Zealand
In February 2012, there was a trade surplus of $161 million (4.5 percent of exports). This compares with an average surplus of 6.1 percent of exports over the previous five February months, although there was a deficit in February 2007.

New Zealand Economy Grows 0.3% in Q4
Published: 3/22/2012 10:54:32 AM By: TradingEconomics.com, Statistics New Zealand
The New Zealand economy grew by 0.3 percent in the December 2011 quarter, Statistics New Zealand said on March 22nd. This latest result follows economic growth of 0.7 percent in the September 2011 quarter.

New Zealand Leaves Rate Unchanged
Published: 3/8/2012 12:26:44 PM By: TradingEconomics.com, RBNZ
The Reserve Bank left on March 8th, the Official Cash Rate (OCR) unchanged at 2.5 percent.

New Zealand Reports Trade Deficit in January
Published: 2/29/2012 1:16:56 PM By: TradingEconomics.com, Statistics New Zealand
In January 2012, the value of exported goods rose $430 million (13 percent), to $3.7 billion. Imported goods rose $637 million (19 percent), to $3.9 billion.

New Zealand Reports Trade Surplus in December
Published: 2/2/2012 2:29:02 PM By: TradingEconomics.com, Statistics New Zealand
In December 2011, New Zealand reported a trade surplus equivalent to $338 million (7.8 percent of exports). This compares with an average deficit of 5.2 percent of exports over the previous five December months.

New Zealand Inflation Down to 1.8% in Q4
Published: 1/19/2012 7:18:29 PM By: TradingEconomics.com, Statistics New Zealand
In the year to the December 2011 quarter the CPI rose 1.8 percent. This compares with a 4.6 percent rise for the year to the September 2011 quarter. Unlike the previous four quarters, the latest annual increase does not include most of the effects of the GST increase that occurred in October 2010.

New Zealand Exports Rises in November
Published: 1/9/2012 6:00:30 PM By: TradingEconomics.com, Statistics New Zealand
In the November 2011 month compared with the November 2010 month, the value of exported goods increased $251 million (6.8 percent) to $3.9 billion. The trend for export values remains at record-high levels.

New Zealand GDP Up 0.8% in Q3
Published: 12/22/2011 1:05:40 PM By: TradingEconomics.com, Statistics New Zealand
New Zealand Gross domestic product was up 0.8 percent in the September 2011 quarter, following a 0.1 percent increase in the June 2011 quarter. The increase in the latest quarter is the fourth consecutive quarter of growth following a decline of 0.1 percent in the September 2010 quarter.

MORE NEWS